SUPERVALU INC. (NYSE:SVU) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
SUPERVALU INC. (the Company), on recommendation of the Corporate
Governance and Nominating Committee, approved the amendment and
restatement of the Companys Amended and Restated Bylaws (the
Bylaws) to implement proxy access as a means for the Companys
stockholders to include stockholder-nominated director candidates
in the Companys proxy materials for its annual meeting of
stockholders. Proxy access will first be available to
stockholders in connection with the Companys 2017 Annual Meeting
of Stockholders.
or a group of up to 20 stockholders, owning at least three
percent of the Companys outstanding stock continuously for at
least three years to nominate and include in the Companys annual
meeting proxy materials, director nominees constituting up to the
greater of two directors or twenty percent of the Board, provided
that the stockholder(s) and nominee(s) satisfy the eligibility,
procedural and other requirements specified in the Bylaws. The
Bylaws also contain conforming changes to Section 2.15 to reflect
the inclusion of the proxy access bylaw.
in the Companys proxy materials for the 2017 Annual Meeting of
Stockholders must be received by the Company no later than
February 7, 2017.
herewith as Exhibit 3.1.
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Exhibit Number
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Description
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3.1
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Amended and Restated Bylaws of SUPERVALU INC.,
effective January 18, 2017 |
About SUPERVALU INC. (NYSE:SVU)
Supervalu Inc. is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers. The Company’s Wholesale segment provides wholesale distribution of products to independent retail customers. Wholesale is organized and operated through two geographic regions: East and West. As of February 27, 2016, the Company conducted its Retail operations through a total of 200 stores primarily organized under five regionally-based retail banners of Cub Foods, Shoppers Food & Pharmacy, Shop ‘n Save, Farm Fresh and Hornbacher’s, as well as two Rainbow and two County Market stores. SUPERVALU INC. (NYSE:SVU) Recent Trading Information
SUPERVALU INC. (NYSE:SVU) closed its last trading session down -0.03 at 4.14 with 4,990,903 shares trading hands.